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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WORKDAY INC</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>WORKDAY INC CL A</title>
        <cusip>98138H101</cusip>
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          <isin value="US98138H1014"/>
          <ticker value="WDAY"/>
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        <balance>1108.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>THOMSON REUTERS CORP</name>
        <lei>549300561UZND4C7B569</lei>
        <title>THOMSON REUTERS CORP COM</title>
        <cusip>884903881</cusip>
        <identifiers>
          <isin value="CA8849038812"/>
          <ticker value="TRI"/>
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        <balance>2101.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AIRBNB INC</name>
        <lei>549300HMUDNO0RY56D37</lei>
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        <cusip>009066101</cusip>
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          <isin value="US0090661010"/>
          <ticker value="ABNB"/>
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        <balance>2304.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WALMART INC</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>WALMART INC COM</title>
        <cusip>931142103</cusip>
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          <isin value="US9311421039"/>
          <ticker value="WMT"/>
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        <balance>26888.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANALOG DEVICES INC</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
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        <cusip>032654105</cusip>
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          <isin value="US0326541051"/>
          <ticker value="ADI"/>
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        <balance>2685.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICROCHIP TECHNOLOGY INC</name>
        <lei>5493007PTFULNYZJ1R12</lei>
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          <isin value="US5950171042"/>
          <ticker value="MCHP"/>
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        <balance>2988.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONSTELLATION ENERGY CORP</name>
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        <title>CONSTELLATION ENERGY CORP COM</title>
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          <isin value="US21037T1097"/>
          <ticker value="CEG"/>
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        <balance>1991.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guggenheim Funds Trust</name>
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          <isin value="US40169J5231"/>
          <ticker value="GIYIX"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COSTCO WHOLESALE CORP</name>
        <lei>29DX7H14B9S6O3FD6V18</lei>
        <title>COSTCO WHOLESALE CORP COM</title>
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          <isin value="US22160K1051"/>
          <ticker value="COST"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OLD DOMINION FREIGHT LINE INC</name>
        <lei>5299009TWK32WE417T96</lei>
        <title>OLD DOMINION FREIGHT LINE INC COM</title>
        <cusip>679580100</cusip>
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          <isin value="US6795801009"/>
          <ticker value="ODFL"/>
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        <balance>1146.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T-MOBILE US INC</name>
        <lei>549300QHIJYOHPACPG31</lei>
        <title>T-MOBILE US INC COM</title>
        <cusip>872590104</cusip>
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          <isin value="US8725901040"/>
          <ticker value="TMUS"/>
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        <balance>5965.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STARBUCKS CORP</name>
        <lei>OQSJ1DU9TAOC51A47K68</lei>
        <title>STARBUCKS CORP COM</title>
        <cusip>855244109</cusip>
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          <isin value="US8552441094"/>
          <ticker value="SBUX"/>
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        <balance>6282.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROADCOM INC</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>BROADCOM INC COM</title>
        <cusip>11135F101</cusip>
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          <ticker value="AVGO"/>
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        <balance>9466.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>APPLOVIN CORP</name>
        <lei>549300LLVXMUAOL3SQ07</lei>
        <title>APPLOVIN CORP COM CL A</title>
        <cusip>03831W108</cusip>
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          <isin value="US03831W1080"/>
          <ticker value="APP"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>META PLATFORMS INC</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
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        <cusip>30303M102</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>AMAZON.COM INC</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC COM</title>
        <cusip>023135106</cusip>
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          <isin value="US0231351067"/>
          <ticker value="AMZN"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NETFLIX INC</name>
        <lei>549300Y7VHGU0I7CE873</lei>
        <title>NETFLIX INC COM</title>
        <cusip>64110L106</cusip>
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          <ticker value="NFLX"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ASML HOLDING NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
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        <cusip>000000000</cusip>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ROPER TECHNOLOGIES INC</name>
        <lei>54930003T4SXCIWVXY35</lei>
        <title>ROPER TECHNOLOGIES INC COM</title>
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          <isin value="US7766961061"/>
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        <fairValLevel>1</fairValLevel>
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        <name>AUTODESK INC</name>
        <lei>FRKKVKAIQEF3FCSTPG55</lei>
        <title>AUTODESK INC COM</title>
        <cusip>052769106</cusip>
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          <ticker value="ADSK"/>
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        <name>ASTERA LABS INC</name>
        <lei>529900LJL8TUEGF7HG20</lei>
        <title>ASTERA LABS INC COM</title>
        <cusip>04626A103</cusip>
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          <isin value="US04626A1034"/>
          <ticker value="ALAB"/>
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        <balance>945.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>HONEYWELL INTERNATIONAL INC</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HONEYWELL INTERNATIONAL INC COM</title>
        <cusip>438516205</cusip>
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          <isin value="US4385162056"/>
          <ticker value="HONIV"/>
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        <balance>1746.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>390929.40000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TAKE-TWO INTERACTIVE SOFTWARE INC</name>
        <lei>BOMSTHHJK882EWYX3334</lei>
        <title>TAKE-TWO INTERACTIVE SOFTWARE INC COM</title>
        <cusip>874054109</cusip>
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          <isin value="US8740541094"/>
          <ticker value="TTWO"/>
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        <balance>1024.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255979.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT</name>
        <lei>549300MKKM9KT7BF6329</lei>
        <title>DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT TREASURY INSTNAL</title>
        <cusip>261908107</cusip>
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          <isin value="US2619081076"/>
          <ticker value="DTRXX"/>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NVIDIA CORP</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
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          <isin value="US67066G1040"/>
          <ticker value="NVDA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTEL CORP</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
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        <cusip>458140100</cusip>
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          <isin value="US4581401001"/>
          <ticker value="INTC"/>
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        <balance>27702.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KEURIG DR PEPPER INC</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
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        <cusip>49271V100</cusip>
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          <isin value="US49271V1008"/>
          <ticker value="KDP"/>
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        <balance>7499.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEBIUS GROUP NV</name>
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          <isin value="NL0009805522"/>
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        <balance>1215.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GILEAD SCIENCES INC</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC COM</title>
        <cusip>375558103</cusip>
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          <isin value="US3755581036"/>
          <ticker value="GILD"/>
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        <balance>6843.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DOORDASH INC</name>
        <lei>549300NUQ43FGGSK5051</lei>
        <title>DOORDASH INC CL A</title>
        <cusip>25809K105</cusip>
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          <isin value="US25809K1051"/>
          <ticker value="DASH"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MICRON TECHNOLOGY INC</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
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          <isin value="US5951121038"/>
          <ticker value="MU"/>
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        <balance>6216.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FASTENAL COMPANY</name>
        <lei>529900PP0C7H2HHPSJ32</lei>
        <title>FASTENAL COMPANY COM</title>
        <cusip>311900104</cusip>
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          <isin value="US3119001044"/>
          <ticker value="FAST"/>
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        <balance>6328.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLE INC</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC COM</title>
        <cusip>037833100</cusip>
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          <isin value="US0378331005"/>
          <ticker value="AAPL"/>
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        <balance>29324.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MONOLITHIC POWER SYSTEMS INC</name>
        <lei>529900TB7O85LSZ1XU31</lei>
        <title>MONOLITHIC POWER SYSTEMS INC COM</title>
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          <ticker value="MPWR"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MICROSOFT CORP</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
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          <ticker value="MSFT"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MERRILL LYNCH, PIERCE, FENNER &amp; SMITH INCORPORATED</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TESLA INC</name>
        <lei>54930043XZGB27CTOV49</lei>
        <title>TESLA INC COM</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>APPLIED MATERIALS INC</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>APPLIED MATERIALS INC COM</title>
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          <isin value="US0382221051"/>
          <ticker value="AMAT"/>
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        <fairValLevel>1</fairValLevel>
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        <name>CISCO SYSTEMS INC</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>CISCO SYSTEMS INC COM</title>
        <cusip>17275R102</cusip>
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          <isin value="US17275R1023"/>
          <ticker value="CSCO"/>
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        <fairValLevel>1</fairValLevel>
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        <name>STRATEGY INC</name>
        <lei>549300WQTWEJUEHXQX21</lei>
        <title>STRATEGY INC CL A NEW</title>
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          <ticker value="MSTR"/>
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        <balance>1823.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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        <name>PDD HOLDINGS INC</name>
        <lei>5493000573DS7005T657</lei>
        <title>PDD HOLDINGS INC SPONSORED ADS</title>
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        <balance>3682.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>280862.96000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CADENCE DESIGN SYSTEMS INC</name>
        <lei>GCT7RXJOGLXPV0NXZY22</lei>
        <title>CADENCE DESIGN SYSTEMS INC COM</title>
        <cusip>127387108</cusip>
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          <isin value="US1273871087"/>
          <ticker value="CDNS"/>
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        <balance>1521.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ADVANCED MICRO DEVICES INC</name>
        <lei>R2I72C950HOYXII45366</lei>
        <title>ADVANCED MICRO DEVICES INC COM</title>
        <cusip>007903107</cusip>
        <identifiers>
          <isin value="US0079031078"/>
          <ticker value="AMD"/>
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        <balance>8987.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5220638.17000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARM HOLDINGS PLC</name>
        <lei>2138001E66EELTE7Y904</lei>
        <title>ARM HOLDINGS PLC SPONSORED ADS</title>
        <cusip>042068205</cusip>
        <identifiers>
          <isin value="US0420682058"/>
          <ticker value="ARM"/>
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        <balance>2337.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>828630.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EXELON CORP</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>EXELON CORP COM</title>
        <cusip>30161N101</cusip>
        <identifiers>
          <isin value="US30161N1019"/>
          <ticker value="EXC"/>
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        <balance>5640.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>262936.80000000</valUSD>
        <pctVal>0.177229984529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>CHICAGO MERCANTILE EXCHANGE</name>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>ELECTRONIC ARTS INC</name>
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        <name>NXP SEMICONDUCTORS NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INTUITIVE SURGICAL INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>COCA-COLA EUROPACIFIC PARTNERS PLC</name>
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        <name>Guggenheim Funds Trust</name>
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        <name>KRAFT HEINZ COMPANY (THE)</name>
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        <assetCat>EC</assetCat>
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        <name>SEAGATE TECHNOLOGY HOLDINGS PLC</name>
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        <name>GOLDMAN SACHS INTERNATIONAL</name>
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      <invstOrSec>
        <name>FORTINET INC</name>
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          <isin value="US34959E1091"/>
          <ticker value="FTNT"/>
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        <balance>4038.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALPHABET INC</name>
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          <ticker value="GOOGL"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN ELECTRIC POWER COMPANY INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LUMENTUM HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BAKER HUGHES COMPANY</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARVELL TECHNOLOGY INC</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONDELEZ INTERNATIONAL INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>COREWEAVE INC</name>
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          <isin value="US21873S1087"/>
          <ticker value="CRWV"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REGENERON PHARMACEUTICALS INC</name>
        <lei>549300RCBFWIRX3HYQ56</lei>
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          <isin value="US75886F1075"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QUALCOMM INC</name>
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          <isin value="US7475251036"/>
          <ticker value="QCOM"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TEXAS INSTRUMENTS INC</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>IDEXX LABORATORIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DIAMONDBACK ENERGY INC</name>
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          <ticker value="FANG"/>
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        <fairValLevel>1</fairValLevel>
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        <name>CSX CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CINTAS CORP</name>
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        <name>CROWDSTRIKE HOLDINGS INC</name>
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        <name>PALO ALTO NETWORKS INC</name>
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        <name>ROSS STORES INC</name>
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        <title>ROSS STORES INC COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>AUTOMATIC DATA PROCESSING INC</name>
        <lei>HGBOLILQXWER4SAL2I23</lei>
        <title>AUTOMATIC DATA PROCESSING INC COM</title>
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          <ticker value="ADP"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MERCADOLIBRE INC</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MERCADOLIBRE INC COM</title>
        <cusip>58733R102</cusip>
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          <ticker value="MELI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>KLA CORP</name>
        <lei>549300H0BF5JCG96TJ81</lei>
        <title>KLA CORP COM NEW</title>
        <cusip>482480100</cusip>
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          <ticker value="KLAC"/>
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        <balance>7200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2172312.00000000</valUSD>
        <pctVal>1.464225708052</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS SECURITIES CORP.</name>
        <lei>RCNB6OTYUAMMP879YW96</lei>
        <title>TRS NASDAQ 100 STOCK INDX</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="7844488"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>384887.96000000</valUSD>
        <pctVal>0.259429974033</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BNP PARIBAS SECURITIES CORP.</counterpartyName>
              <counterpartyLei>RCNB6OTYUAMMP879YW96</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>NASDAQ</issuerName>
                <issueTitle>NASDAQ 100 INDEX</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <ticker value="NDX"/>
                  <other otherDesc="INTERNAL" value="NDX_INDEX_US"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Equity - Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="1 DAY OVERNIGHT FEDS FUNDS EFFECTIVE RATE" floatingRtSpread="0.00900000" pmntAmt="-6397198.67000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Day" rateTenorUnit="0" resetDt="Day" resetDtUnit="0"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2026-09-22</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>4497198.63900000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>384887.96000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HONEYWELL AEROSPACE INC</name>
        <lei>213800ZUAQRBYL67JS90</lei>
        <title>HONEYWELL AEROSPACE INC COM</title>
        <cusip>43849R105</cusip>
        <identifiers>
          <isin value="US43849R1059"/>
          <ticker value="HONA"/>
        </identifiers>
        <balance>1746.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>386005.68000000</valUSD>
        <pctVal>0.260183362293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AXON ENTERPRISE INC</name>
        <lei>549300QP2IEEGFE16681</lei>
        <title>AXON ENTERPRISE INC COM</title>
        <cusip>05464C101</cusip>
        <identifiers>
          <isin value="US05464C1018"/>
          <ticker value="AXON"/>
        </identifiers>
        <balance>444.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>248910.84000000</valUSD>
        <pctVal>0.167775923044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TERADYNE INC</name>
        <lei>C3X4YJ278QNZHRJULN75</lei>
        <title>TERADYNE INC COM</title>
        <cusip>880770102</cusip>
        <identifiers>
          <isin value="US8807701029"/>
          <ticker value="TER"/>
        </identifiers>
        <balance>863.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>417553.92000000</valUSD>
        <pctVal>0.281448145644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADOBE INC</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>ADOBE INC COM</title>
        <cusip>00724F101</cusip>
        <identifiers>
          <isin value="US00724F1012"/>
          <ticker value="ADBE"/>
        </identifiers>
        <balance>2228.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>456784.56000000</valUSD>
        <pctVal>0.307891175758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANDISK CORP</name>
        <lei>N/A</lei>
        <title>SANDISK CORP COM</title>
        <cusip>80004C200</cusip>
        <identifiers>
          <isin value="US80004C2008"/>
          <ticker value="SNDK"/>
        </identifiers>
        <balance>816.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1855363.68000000</valUSD>
        <pctVal>1.250589785465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LINDE PLC</name>
        <lei>5299003QR1WT0EF88V51</lei>
        <title>LINDE PLC COM EUR0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE000S9YS762"/>
          <ticker value="LIN"/>
          <other otherDesc="SEDOL" value="BNZHB81"/>
        </identifiers>
        <balance>2549.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1322778.06000000</valUSD>
        <pctVal>0.891605644815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCKET LAB CORP</name>
        <lei>N/A</lei>
        <title>ROCKET LAB CORP COM</title>
        <cusip>773121108</cusip>
        <identifiers>
          <isin value="US7731211089"/>
          <ticker value="RKLB"/>
        </identifiers>
        <balance>3190.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>324263.50000000</valUSD>
        <pctVal>0.218566648291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHOPIFY INC</name>
        <lei>549300HGQ43STJLLP808</lei>
        <title>SHOPIFY INC CL A SUB VTG SHS</title>
        <cusip>82509L107</cusip>
        <identifiers>
          <isin value="CA82509L1076"/>
          <ticker value="SHOP"/>
        </identifiers>
        <balance>6722.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>767517.96000000</valUSD>
        <pctVal>0.517337992159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>O'REILLY AUTOMOTIVE INC</name>
        <lei>549300K2RLMQL149Q332</lei>
        <title>O'REILLY AUTOMOTIVE INC COM</title>
        <cusip>67103H107</cusip>
        <identifiers>
          <isin value="US67103H1077"/>
          <ticker value="ORLY"/>
        </identifiers>
        <balance>4568.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>420667.12000000</valUSD>
        <pctVal>0.283546567729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMCAST CORP</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
        <title>COMCAST CORP CL A</title>
        <cusip>20030N101</cusip>
        <identifiers>
          <isin value="US20030N1019"/>
          <ticker value="CMCSA"/>
        </identifiers>
        <balance>19638.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>482112.90000000</valUSD>
        <pctVal>0.324963496203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMGEN INC</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC COM</title>
        <cusip>031162100</cusip>
        <identifiers>
          <isin value="US0311621009"/>
          <ticker value="AMGN"/>
        </identifiers>
        <balance>2975.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1077307.00000000</valUSD>
        <pctVal>0.726148271917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XCEL ENERGY INC</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>XCEL ENERGY INC COM</title>
        <cusip>98389B100</cusip>
        <identifiers>
          <isin value="US98389B1008"/>
          <ticker value="XEL"/>
        </identifiers>
        <balance>3441.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>276312.30000000</valUSD>
        <pctVal>0.186245609797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALPHABET INC</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>ALPHABET INC CAP STK CL C</title>
        <cusip>02079K107</cusip>
        <identifiers>
          <isin value="US02079K1079"/>
          <ticker value="GOOG"/>
        </identifiers>
        <balance>10893.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3848823.69000000</valUSD>
        <pctVal>2.594262054742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOOKING HOLDINGS INC</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>BOOKING HOLDINGS INC COM</title>
        <cusip>09857L108</cusip>
        <identifiers>
          <isin value="US09857L1089"/>
          <ticker value="BKNG"/>
        </identifiers>
        <balance>4271.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>761263.04000000</valUSD>
        <pctVal>0.513121924363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DATADOG INC</name>
        <lei>549300F6JNO0KRPO1K63</lei>
        <title>DATADOG INC CL A COM</title>
        <cusip>23804L103</cusip>
        <identifiers>
          <isin value="US23804L1035"/>
          <ticker value="DDOG"/>
        </identifiers>
        <balance>1823.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>474636.28000000</valUSD>
        <pctVal>0.319923953442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONSTER BEVERAGE CORP</name>
        <lei>52990090AP0E7HCB6F33</lei>
        <title>MONSTER BEVERAGE CORP COM</title>
        <cusip>61174X109</cusip>
        <identifiers>
          <isin value="US61174X1090"/>
          <ticker value="MNST"/>
        </identifiers>
        <balance>5391.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>518182.92000000</valUSD>
        <pctVal>0.349276141243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPSICO INC</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PEPSICO INC COM</title>
        <cusip>713448108</cusip>
        <identifiers>
          <isin value="US7134481081"/>
          <ticker value="PEP"/>
        </identifiers>
        <balance>7533.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1019968.20000000</valUSD>
        <pctVal>0.687499613239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FERROVIAL NV</name>
        <lei>72450022R2ZFL41Y6I04</lei>
        <title>FERROVIAL NV EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0015001FS8"/>
          <ticker value="FER"/>
          <other otherDesc="SEDOL" value="BQBDNK0"/>
        </identifiers>
        <balance>3965.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>272038.65000000</valUSD>
        <pctVal>0.183364997713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-21</ncom:dateSigned>
      <ncom:nameOfApplicant>Rydex Variable Trust</ncom:nameOfApplicant>
      <ncom:signature>James Howley</ncom:signature>
      <ncom:signerName>James Howley</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
